When the obligations of a partnership can’t be met, each partner is liable for the obligation. This characteristic is called
A. limited life.
B. unlimited liability.
C. limited liability.
D. mutual agreement.

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When the obligations of a partnership can’t be met, each partner is liable for the obligation. This characteristic is called
A. limited life.
B. unlimited liability.
C. limited liability.
D. mutual agreement.

Finance

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